As permanent life insurance, the Whole Life insurance policy stays in effect for as long as the premiums are kept up. You pay a regular monthly or annual premium, and in return your beneficiary (this can be your spouse, your kids, or other organizations you select) receives a lump sum upon your death.
Whole of Life Insurance
Aside from a death benefit, this policy also provides a savings component that builds up cash over time – you may access this while you are still alive by investing or borrowing against it whenever needed. Our team of Bournemouth insurance brokers can help you no matter where in the UK you are based.